Sandhill Store is located in midtown Madison. During the past several years, net income has been declining because of suburban shopping centers. At the end of the company's fiscal year on November 30, 2022, the following accounts appeared in two of its trial balances. Unadjusted Adjusted Unadjusted Adjusted Accounts Payable $25.900 $25,900 Notes payable $35,000 $35,000 31.000 31,000 Owner's Capital 85.100 85,100 Accounts Receivable Accumulated Depr.- Equipment 34,000 45,000 10,000 10,000 Cash 26,000 26,000 10,400 3,200 504,500 504,500 2.500 6,000 6,000 2,500 Cost of Goods Sold Freight-Out Equipment Depreciation Expense Insurance Expense 146,000 146,000 Owner's Drawings Prepaid Insurance Property Tax Expense Property Taxes Payable Rent Expense Salaries and Wages Expense Sales Revenue Sales Commissions Expense Sales Commissions Payable 15.000 15,000 11,000 96,000 96,000 7,200 720,000 720,000 Interest Expense 6,100 6,100 6,500 11,000 Interest Revenue 2,000 2,000 4,500 Inventory 28,000 28,000 Sales Returns and Allowances 8,000 8.000 Utilities Expense 8,500 8,500 Prepare a multiple-step income statement. (List other revenues before other expenses. Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.s. (45).) SANDHILL STORE Income Statement For the Year Ended November 30, 2022 4 $ + . . . Prepare an owner's equity statement. (List items that increase owner's equity first.) SANDHILL STORE Owner's Equity Statement ta 4 4: $ SANDHILL STORE Balance Sheet Assets $ $ Liabilities and Owner's Equity $ : : Date Account Titles and Explanation Debit Credit Nov. 30 (To adjust depreciation on equipment) Nov. 30 (To adjust insurance expense) Nov. 30 (To adjust property tax expense) Nov. 30